Historics gallops to £3 million with a stunning sale rate of 80% at Ascot Racecourse
One year ago, the stoicism of the classic car fraternity - tempted by fine and varied classic car consignments - proved more than a match for the snow and bitter temperatures that provided the harsh backdrop to Historics' annual spring sale at Ascot Racecourse. A full auction hall and a 66% sale rate of the 155 cars offered proved the point.
But this year, would Brexit worries prove a more formidable opponent to Historics 2019 opener at Ascot?
The answer came emphatically in a rousing seven-hour sale last Saturday 2nd March that grossed Historics over £3 million from 168 fine classic motorcars and a small collection of classic motorcycles.
More significantly, it returned a resounding 80% sale rate which, under the circumstances, few would have bet on at the world-famous horse racing venue.
A Historics attendance record - numbering over 3,000 at the two viewing days and at the auction itself - culminated in a full to capacity auction hall throughout the seven hour sale.
Bidder registrations totalled some 800, of which 380 had pre-registered for live on-line bidding. The fact that these came from 21 different countries put a truly international perspective on the sale.
It demonstrated Historics' increasingly global reach to buyers, whilst the on-line sale revenue at Ascot that approached £500,000 also signalled the status of the internet in auction trading.
Some highlights of the sale include the following:
• 400 + registered bidders in the auction hall
• 380 registered bidders on-line
• 3,000+ attendance over two viewing days and at the sale itself
• Seated attendance full in the auction hall throughout
• 168 fine and varied consignments offered
• 132 sold
• Sale rate: 80%
• 43 consignments were offered at no reserve
• 15% of consignments sold at more than top estimate
• It was a robust day for the classic Porsche marque, with 11 of 16 consignments - from 1986-2008 - passing to new owners. Stuttgart showcases included an unmarked, as-new 1993 911/964 Turbo that attracted very significant bidding and closed 30% over top estimate. This was one of four 911 Turbos consigned, all of which sold well
• There were also numerous bidders on the rare Amethyst metallic 1992 Porsche 911/964 Carrera RSL which settled just shy of £150,000 all-in
• All five classic Ferrari consigned - from 1977-2008 - sold well
• The cheeky bright red 1973 Fiat 500 Vignale attracted great attention, selling for £25,760, whilst the No Reserve 1966 Fiat 500F previously owned by both Anouska Hempel and Sir David Tang defied its small proportions with a £9,500 sale ticket
• 7 of 10 classic Bentleys sold - from 1926-2006 – including a 1956 S1 Continental Coupe by Park Ward, which wafted serenely over estimate to £147,840
• There was a a strong showing for 1950s, 60's and 70s British sports cars from MG, Triumph and Austin Healey…..
• Austin Healey: 2 consigned; 2 sold
• MG: 6 consigned; 5 sold
• Triumph: 3 consigned; 3 sold
• Jaguar consignments also proved popular. Of the 18 consigned; 14 sold, with an elegant 1960 XK150 FHC exceeding top estimate by £10,000 at £51,250; and a superbly presented 1964 Mk.II (2.4) topping its estimate at £28,000, after clearly benefitting from a nine year restoration
• A regal 1978 Rolls-Royce Silver Shadow II in magnificent condition with just 4,280 recorded miles since new - quite possibly the lowest mileage example on the road - sold for £45,000
• Interest in the the sale's alluring barn find - a rare 1963 Facel Vega II requiring complete restoration - had been very significant in the build-up and was matched with a bidding frenzy that settled on a spirited £141,000 to the new owner
• Affordable classics with interesting owner provenance included the 1998 BMW 528i SE first registered and much used for many years by Sir Norman Wisdom (£2,240) and a 1995 BMW 750i limousine that was first owned by rock legend and Status Quo lead, Francis Rossi OBE, and closed on £10,000